Automobile industry

In November 2020, the automobile consumption index is 80.0 From China Automobile Circulation Association

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The following is the In November 2020, the automobile consumption index is 80.0 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

On December 2, 2020, China Automobile Circulation Association released the latest issue of “automobile consumption index”: the automobile consumption index in November 2020 was 80.0, which was higher than that of last month. In the peak season of gold, silver and ten, the demand of automobile market continues to grow, and the sales volume of automobile market gradually goes up. In recent years, the pace of luxury market sales has slowed down. It is expected that joint venture brands and independent brands will continue to carry out promotional activities to promote sales growth in December to complete the annual sales plan.

Trend chart of automobile consumption index

From the sub index of automobile consumption index, the sub index of demand in November 2020 is 85.6, which is higher than that of last month. The annual momentum and continuous promotion activities in 2020 will stimulate market demand. In addition, there will be a fluctuation growth before the expiration of relevant automobile consumption policies.

Trend of automobile consumption index demand sub index

In November 2020, the store sub index is 84.1, which is higher than that of the previous month. The year-end promotion and auto show activities drive the growth of customers

Trend chart of automobile consumption index – store sub index

In November 2020, the purchase index is 85.3, indicating that the actual purchase intention of consumers is rising

Auto consumption index – Purchasing sub index trend chart

As of November, there have been repeated outbreaks in many places in China, but the overall situation of epidemic control in China is basically stable. Macro economy recovered further, residents’ disposable income and consumption confidence rose, and automobile consumption recovered faster than expected.

Judging from the recent sales volume, the sales rhythm of luxury brands has slowed down. It is estimated that joint venture brands and independent brands will increase sales promotion efforts to complete the annual sales plan in December, and the automobile consumption stimulus policies in many places will gradually expire, which may have a certain role in promoting the market.

The sales volume of new cars will gradually increase in the coming months. In December, more brand new cars will come into the market. New products such as haver’s first love, Wuling Hongguang s pure electric version, Geely berry Phe and Dongfeng Honda life, etc., will promote the growth of automobile retail sales. In addition, Nanjing, Qingdao and other auto show activities will also have a certain role in promoting the regional market.

However, since the third quarter, the macroeconomic recovery has slowed down, market confidence has been affected by the recent epidemic fluctuations, the recovery of employment and consumption is slightly weak, and residents are hesitant about the consumption of large consumer goods. From the market point of view, after the peak season, the market demand fell, and the follow-up market demand lacked sustained support.

Combined with the above factors, it is expected that the market sales in December will slightly increase compared with November. Read more: China Automobile Circulation Association: automobile consumption index in September 2020 will be 77.8, China Automobile Circulation Association: automobile consumption index in July 2020 will be 60.3 China Automobile Circulation Association: automobile consumption index in May 2020 will be 63.0 China Automobile Circulation Association: automobile consumption index in August 2020 China Automobile Circulation Association: the automobile consumption index in October 2020 is 71.6 Automobile consumption index in May 2020 is 63.0, China Automobile Circulation Association: automobile consumption index in April 2020 is 67.6 China Automobile Circulation Association: automobile consumption index in February 2020 is 28.3 China Automobile Circulation Association: automobile consumption index in March 2020 is 63.0 The automobile consumption index in November 2019 is 84.1, and the automobile consumption index in October 2019 is 67.7. China Automobile Circulation Association: in March 2020, the sales volume of narrow passenger cars in China will reach 1.045 million China Automobile Circulation Association: April 2020 monthly report of China’s imported automobile market

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